Northeast
JV Breaks Ground on Mass. Mixed-Use Development
A groundbreaking ceremony was recently held for Merchants Row, a mixed-use development in the Quincy Center in Quincy, Mass. The project was made possible in part by $55 million in equity financing secured by LaSalle Investment Management.
Connecticut’s Augustana Homes Preserved as Affordable
Augustana Homes, a 186-unit affordable senior apartment community in Bridgeport, Ct., will receive $4 million in improvements and renovations, and will be preserved as affordable for an additional 30 years.
New Apartments in Brooklyn to Begin Leasing
Leasing will begin later this summer at 50 North 5th St., a newly constructed 229-unit rental property in the Williamsburg neighborhood of Brooklyn. Mack Real Estate Capital Group and Urban Development Partners developed the project, which was formerly known as 204 Wythe Ave.
HIT Project: Older Boston Rental Property To Gain Rehab
Preserving affordability and providing energy-saving retrofits are two goals of a project planned for Boston’s Georgetowne Homes One and Two.
Luxury Apartments Replace Dive Bar in NYC’s Trendy East Village
Residential leasing has begun at Jupiter 21, a newly constructed 78,000-square-foot apartment property at 21 East 1st St. in Manhattan.
Queens Condos Refinanced for $50M
Victoria Towers, a mixed-use development in the borough of Queens in New York, has obtained recapitalization financing totaling $50 million.
Bronxworks Honors COO of L+M Development for Community Activism
Debra Kenyon, chief operating officer of L+M Development Partners, was honored for her community service by BronxWorks, the South Bronx-based social service agency, at its Annual Gala Monday, June 10.
Manhattan Skyline’s Luxury Condo is Sold Out
Manhattan Skyline, the developer of New York condominium building The Story House, announced that the community is already sold out. The most recent sale was for the top floor penthouse for $4.25 million.
Centerline Holding Company and Hunt Announce Definitive Merger Agreement
Centerline Holding Company and Hunt Capital Partners announced the entry into a definitive agreement and plan of merger between Centerline and an affiliate of Hunt under which an affiliate of Hunt will acquire through a merger all of the outstanding Common Shares of the Company that Hunt or its affiliates do not already own for cash consideration of $39.89 per share.
First Resident-Based Bike-Sharing Program Debuts in New York City
The first resident-based bike-sharing program in New York City was launched by Related Companies and Zagster, which provides bikes-as-a-service.